Tag Archives: Tesoro Corp.

BISMARCK, N.D. (AP) — Texas-based Tesoro Corp. has bought an oil refinery in southwestern North Dakota that has struggled to turn a profit due to a dramatic fall in demand and low diesel prices. North Dakota-based MDU Resources Group Inc. and Indianapolis-based Calumet Specialty Products Partners LP spent $430 million on the Dakota Prairie Refinery in Dickinson. It has not ...

FAIRBANKS, Alaska — Tesoro Corp. has announced that its Alaska affiliate will purchase a portion of Flint Hills Resources assets in Fairbanks and Anchorage. Under the agreement, Tesoro Alaska will acquire a terminal at Fairbanks International Airport, including storage for 22,500 barrels of jet fuel. The San Antonio, Texas-based company has agreed to a multi-year contract with the North Pole ...

BISMARCK, N.D. — A multimillion-dollar contribution to a state program will help with the construction of affordable housing in North Dakota, state officials said Friday while unveiling the funds. Gov. Jack Dalrymple and North Dakota Housing Finance Agency Executive Director Jolene Kline announced the $5.3 million contribution from Tesoro Corp., the Bismarck Tribune reported. The money will go to housing ...

Tesoro Corp. says that in spite of higher costs, it is continuing to see the value in receiving rail shipments of North Dakota Bakken crude at its Washington state refinery due to improved yields. As reported by Reuters, Tesoro CEO Greg Goff told analysts, “We still see economic value to be able to move Bakken to the West Coast and ...

Tesoro Corp held talks to buy smaller rival oil refiner HollyFrontier Corp earlier this year in a bid to join the top echelons of the competitive U.S. refining industry, according to people familiar with the matter. Both companies were in discussions in the first quarter of 2015, but the negotiations were scuttled after HollyFrontier’s board of directors balked at Tesoro’s ...

WASHINGTON – The U.S. environmental regulator on Thursday defended its handling of the nation’s controversial renewable fuels program at a congressional hearing, the first since its new biofuels targets last month provoked a furor among corn farmers and oil refiners. At the hearing by the Senate subcommittee on regulatory affairs and federal management, U.S. lawmakers criticized the agency for years-long ...

BISMARCK, N.D. — Operators of a new oil refinery in western North Dakota says diesel sales have begun. Bismarck-based MDU Resources Group and Indianapolis-based Calumet Specialty Products Partners built the $430 million Dakota Prairie Refinery near Dickinson. Officials said Monday that some diesel was sold last month. But they say June is expected to be the first full month of ...

BISMARCK, N.D. — The state Health Department says cleanup of a pipeline rupture that caused more than 20,000 barrels of crude to ooze across a northwestern North Dakota wheat field will take twice as long as the company had expected. The massive spill from a Tesoro Corp. pipeline that was discovered by a Tioga farmer in September 2013. The spill ...

HOUSTON – U.S. refiner Tesoro Corp has ordered new crude oil railcars with features that surpass safety standards that federal regulators set this month, executives told Reuters. The 210 tank cars being built in northern Louisiana are so-called pressure cars, with the same design as those that carry liquid petroleum gases such as propane and butane, gas cargoes that are ...

SALT LAKE CITY — A Texas oil company has put its plans for a 135-mile oil pipeline in Utah on indefinite hold, citing unfavorable market conditions. Tesoro Corp. based in San Antonio had sought to build the pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries. But the company says last year’s plunge in oil ...

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